The Purdue University-CME Group Ag Economy Barometer turned higher for January, showing some optimism among farmers and ranchers. After trending lower in late 2017, the monthly survey of 400 agricultural producers from across the U.S. indicated that the measure of producer sentiment climbed to 135 points at the beginning of 2018, up nine points from December’s 126. Organizers say the …
Purdue Releases 2018 Ag Economic Sector Forecasts
The Agricultural Economics Department at Purdue University released a 2018 Ag Outlook Report that contained 12 different articles looking at different aspects of the Ag economy. Just some of the aspects covered include cash rents, farmland values, and the price outlook for corn and soybeans. Professor Craig Dobbins says that reducing input costs has been a priority for farmers since …
Ag Producers’ Confidence Surges During January
The Ag Economy Barometer continues to show increased producer confidence following the November election. Organized by Purdue University and the CME Group, the monthly survey of 400 agricultural producers from across the U.S. reached 153 in January, 21 points higher than December’s survey and 61 points higher than in October. The increase marks the most positive recorded sentiment by producers …